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[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Penalty fees paid by consumers last year took another dip. After rising predictably year/year for most of the last decade, 2010 saw the first penalty fee decline, down to $22.5 Billion, with 2011 showing a drop to $19.4 Billion, according to the R.K. Hammer Card Penalty Fee Index. This is the…

With the new year getting into full swing, wireless dealers are taking stock and looking at market potential and profit making strategies for 2012. B2B Soft, a business-to-business software company specializing in retail management for the wireless/cellular retail industry, is pleased to announce that it will be attending a series of Cricket Profitability Summits. Wireless Standard provides wireless dealers with a comprehensive business solution from which they can manage every aspect of their business simply and effectively.

First Data electronic commerce and payment processing announced North Shore Bank expanded its partnership. With this, the bank will implements First Data debit processing solution, renewing its long-time membership with the STAR Network. North Shore Bank has also signed an ATM driving agreement that takes advantage of First Data’s customer relationship management offerings, such as transaction personalization and performance management.

Best Internet Merchant Account has selected Merchant Warehouse as the Provider of the Year for 2012 and highly recommends this service to any business in need of the best payment processing options. Merchant Warehouse provides what businesses need to accept credit cards online, through a mobile device or in person with a credit card terminal or wireless credit card terminal, including all the hardware and software from the leading brands in the industry to meet the payment processing needs of any type of business. At Merchant Warehouse they are dedicated to providing the payment processing solution that will best fit the business model of each individual business. The team at Merchant Warehouse is very knowledgeable and always professional.

Global Payout has signed a Prepaid Card Agreement with SolidTrust Pay to offer complete management consultant services in launching their prepaid debit card program. The Prepaid Card Agreement requires Global Payout to assign the Tyburn Group as Program Manager for their new debit card program. In addition, Global Payout will manage the due diligence, card design and card program approval in conjunction with Tyburn Group, Inc. and their U.S. issuing bank. This Agreement will result in monthly transaction revenue from active prepaid debit cards marketed and distributed by SolidTrust Pay commencing in the second quarter of 2012. SolidTrust Pay anticipates 10,000 active cards within the first 12 months, 18,000 active cards within 24 months and 25,000 active cards with 36 months.

SITA IT solutions achieved PCI DSS certification as a service provider of its common-use platform “AirportConnect Open.” SITA’s “AirportConnect Open” is used by more than 300 airlines to process millions of passengers every day in more than 400 airports around the world. It supports workstations and CUSS kiosk applications that is compliant with the latest security standard PCI DSS Version 2.0.

GLORY (U.S.A.) cash management solutions announced the launch of an efficient high performance new cash recycler incorporating its intelligent cash management technology. The RBG-100 iCR is designed to be installed in teller lines to process customer transactions, night deposits and teller vault buys and sells. GLORY creates the true next generation of cash recyclers that incorporate intelligent systems for the daily management of cash inventory in banks and financial institutions. Benefits include an increase in capacity; internal automatic verification to ensure balanced cash inventory; and an approved UL-291 safe allowing for overnight storage of cash inventory.

SmartMetric has created an EMV card enhanced with biometrics. Its “Chip & Biometric EMV” Card incorporates fingerprints to activate the card to increase the security of standard EMV chip and PIN cards, which SmartMetric claims are still vulnerable to fraud attacks, even though they are safer than a magnetic stripe card. SmartMetric has timed its introduction of this product to the arrival of EMV cards in the United States.

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayPoint plc advises that it will issue its Interim Management Statement for the third quarter period ended 25 December 2011 on Thursday, 26 January 2012. Enquiries: RLM Finsbury: 020 7251 3801 Rollo Head Don Hunter ABOUT PAYPOINT PayPoint is a leading international provider of convenient payments and value added services to…

Tabcorp Wagering, Gaming and Keno operator is adding card data security functionality to its membership and account registration systems with the help of Transaction Network Services PCI DSS certified payments service provider and Salmat. Furnishing its “TNSPay Stored Card Tokenization” TNS is facilitating the secure exchange of cardholder information of Tabcorp account holders with tokenized data for use within Tabcorp systems. This keeps the actual card details stored remotely in TNS’ encrypted database, helping ensure sensitive cardholder information submitted online by Tabcorp customers is stored and protected from mismanagement and potential fraud. Once this information is entered by the customer over the phone, it is stored, and protected through TNS’ stored card tokenization solution.

Customers will now be able to open a time deposit, find the nearest Citibank branch or ATM through a GPS navigation system and access other banking services with the launch of the new Citibank Mobile Banking application. This is because the new Citibank Mobile Banking application can be downloaded for free from the Apple Store for iPhone, Android Market for Android users, and www.citibank.hu/mobilbank for Nokia smartphones. Citibank Mobile allows customers to view their account information; open time deposits; transfer funds; view FX and currency exchange rates; and show the nearest Citibank Branch or ATM on smartphones with a GPS navigation system.